Engineering Plastics Market: Qualitative Analysis of the Leading Players and Competitive Industry Scenario, 2025

The latest Engineering Plastics Market market offers good growth opportunities during the next five year period ending 2026. The report includes information gathered for the purpose of market segmentation and product differentiation, that can be used to understand company’s target market, tailor spending efforts or determine which features are seen as a priority from the consumer’s perspective. Users can use this information to design better products, improve user experience, and craft a marketing strategy that attracts quality leads and offers better profitability.

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Impact of COVID-19 on Engineering Plastics Market

The global Engineering Plastics market is anticipated to recoup from the effects of COVID-19 starting from the year 2021 and will grow at a modest CAGR during the forecast period of 2021-2026. The market is estimated through a rigorous triangulation process of internal data, secondary analysis and the insights gained from the primary interviews with industry experts. The Engineering Plastics market growth depends upon numerous factors which have direct or indirect impact the demand.

Key Players involve in this research are:

BASF SE

Covestro AG

Solvay SA

Celanese Corporation

DuPont de Nemours, Inc.

LG Chem Ltd.

SABIC

Evonik Industries AG

Lanxess AG

Mitsubishi Engineering Plastics Corporation.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Engineering Plastics Market value and growth drivers over the trend period of 2021-26. According to the report -

Engineering plastics market is likely to witness an impressive CAGR of 7.6% during the forecast period. The prime factor that is contributing to the demand for engineering plastics is mainly the rapidly increasing demand from automotive sector to manufacture lightweight vehicles. Increasing penetration of engineering plastics in the construction sector is also a major factor driving the growth of the market. Engineering plastics are gaining popularity in the construction sector due to their versatility, strength-to-weight ratio, durability, and corrosion-resistance properties.

Segment Analysis:

Based on Product Type:

Based on the product type, the market is segmented as acrylonitrile butadiene styrene, polyamide, polycarbonate, thermoplastic polyesters, polyacetals, fluoropolymers, peek, polyphenylene sulfide, polyphenylene oxide, PMMA, and others. The thermoplastic polyesters segment held the largest share of the market in 2019. On the other hand, the polyacetal segment is expected to register the fastest growth during the forecast period. Thermoplastic polyesters are the most widely used engineering plastics across the world and their popularity is mainly due to their high strength-to-weight-ratio, lightweight, excellent chemical resistance, and easy recyclability properties.

Based on Region:

In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the increasing urbanization, and substitution of many metals by suitable engineering plastics in various industries, such as packaging and automotive. Increasing automotive production in the region is one of the major factors driving the growth of the region’s market. The abundant availability of raw materials in the region is a core factor that is propelling the growth of the market.

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https://www.stratviewresearch.com/963/engineering-plastics-market.html

To evaluate the revenue growth, opportunities, and other important segments in Engineering Plastics Market, the report on Engineering Plastics market has been segmented by Platform Type (Commercial Aircraft, Regional Aircraft, General Aviation, Military Aircraft, Helicopter, UAV, and Spacecraft), by Material Type (Titanium & Alloys, Aluminum & Alloys, Steel & Alloys, and Others), by Sales Channel Type (Direct Sales and Distributor Sales), by Product Type (Hot-Rolled Plates and Cold-Rolled Plates), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

What you can explore with this report-

  • Analyse and forecast the size of Engineering Plastics market.
  • Estimate the market shares of major segments.
  • Showcase the development of the Engineering Plastics market in different parts of the world.
  • Know the details about the factors affecting the growth of the Engineering Plastics market by Country and Individual Segments.
  • Know about different and crucial business strategies used by leading companies operating in the Engineering Plastics market.

Customization of the Report:

With this detailed report, Stratview Research also offers customization options to its clients to meet their requirements. Please connect with our sales team at sales@stratviewresearch.com. You can also get in touch with us on (+1-313-307-4176) to share your research requirements.

What we do:

Stratview Research is one of the leading global Market Research agencies helping client’s tract the ever-evolving market scenarios through our customized and syndicated reports. Our reports include both quantitative and qualitative market data, gathered with the help of our across-the-board and reliable secondary sources and our in-depth interviews with the key players within the market. Our market valuations, derived from primary and secondary research, keep our clients informed about major market trends, opportunities, and challenges that may help or hamper their growth prospects in the industry

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